₹5 lakh crore wiped out as Sensex sinks 900 points

What happened: The Indian stock market fell on Monday after a rise the previous week. Both Sensex and Nifty struggled, with Axis Bank and HDFC Bank suffering significant losses, while SBI and UltraTech Cement posted gains. Key numbers: Sensex fell over 200 points. Nifty slipped below 23,100. Why it matters: The PSU Bank index rose, in contrast to the declining private banking sector.

The Indian stock market fell on Monday after a rise the previous week. Both Sensex and Nifty struggled, with Axis Bank and HDFC Bank suffering significant losses, while SBI and UltraTech Cement posted gains.

The PSU Bank index rose, in contrast to the declining private banking sector.